Australia

Appointment type:

Joint and Several Receivers and Managers
Joint and Several Liquidators

Appointment dates:

25 February 2010
4 March 2010
30 July 2010
13 May 2011

4 November 2011

Entities in receivership:

Letten Schemes

Letten Companies

Additional Letten Schemes & Companies

Entities in liquidation:

Letten Companies: 13 May 2011

Letten Companies: 4 Nov 2011

ACN: Refer to schedule 

Appointees:

Damian Templeton &
Philip Hennessy 

Office: Melbourne

Hotline: 
Australia: 1800 882 944 
International: +61 3 9838 4238

Contact email: lettenschemes@kpmg.com.au

 

 

Mt Hutt Project 

Information for investors of the Mt Hutt Project.

 

The property of this project is a development site intended to be used to develop on mountain townhouses.  A liquidator has not been appointed to the registered proprietor.  Rather it is owned by a company which is partially owned by another party.

 

Negotiations are continuing with the co-owner of the relevant company as to the timing and method of realisation. 

 

Accordingly, it is not currently known as to whether any funds will be realised from this property after the repayment of the secured lender.  The co-owner of the relevant company is meeting the interest costs of the secured creditor in the interim.

 

Further information will be provided when it is possible to do so.